High Acceptance Payday Loans
Looking for high acceptance payday loans? At Lending Stream, we may have a better alternative. Our short term loans offer flexible repayment options and instant decisions. And we sometimes accept applications from people that others reject. As a direct lender in the UK, we prioritise responsible lending.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Why choose Lending Stream?
Trusted
Rated excellent on Trustpilot & 99% recommendation rating on Reviews.co.uk.
Convenient
Secure online application available 24/7. A decision in seconds, not days.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Cash sent to your bank in under 90 seconds, if approved. It may take longer to reach your account depending on your bank’s processes.
What are high acceptance payday loans?
High acceptance payday loans are offered by lenders who accept people others may turn down. They’re short term loans designed to help with unexpected expenses. They’re usually pretty fast (with cash sent in hours) and offered by direct lenders.
Just because they’re high acceptance loans doesn’t mean that they’re no check loans. All regulated lenders will run a credit check and want to see that you can afford the repayments. Once the checks are complete, the lender will make a decision.
These loans are sometimes called high acceptance payday loans because they might approve people others would reject. For example, those with a bad credit score or poor credit history.
However, it’s important to remember that payday loans usually come with high interest rates. They should only be borrowed only when needed, and when you know you’ll be able to repay.
How much can I borrow with a high acceptance payday loan from a direct lender?
You can’t guarantee how much any direct lender will offer you, or if they’ll offer you a loan at all. It’ll depend on the lender, as well as factors like your credit score, income, and monthly expenses.
However, most high acceptance payday lenders in the UK offer loans starting from £50 to a few thousand pounds. You’ll usually need to repay these on your next payday or a similar time.
A word of warning though. If you borrow more than you can afford to repay, it can cause you serious financial problems. Also, late repayment can lead to additional charges and fees. This is why it’s important to only borrow what you can afford and comfortably repay.
How do high acceptance payday loans work?
When you apply for high acceptance payday loans, you’ll need to give some personal information and financial details. The payday lender will then use that information to decide whether to lend to you, and how much you can borrow.
If approved by the lender, you’ll receive the loan straight to your bank account. This usually happens the same day (and usually within a few hours). The repayment period will generally be on your next payday. It might be spread over a few months.
Make sure that you review the loan terms and conditions carefully before accepting it. Only borrow what you can afford to repay. Payday loans can become more expensive if you miss repayments.
At Lending Stream, we offer an alternative with more time to repay. With our short term loans, you can apply for any amount from £50 to £800. If you’re a returning customer, you can apply for £100 to £1,500. If you’re approved, we can send the cash to your bank within 90 seconds*.
How do I check if I am eligible for a high acceptance payday loan?
It’s simple to check your eligibility for a high acceptance payday loan. You need to be a UK resident, aged 18 or over. You’ll also need a regular source of income, and you may need a good credit score.
If you apply for payday loans online, the lender will analyse your information before making a decision.
If you want to know if you’re eligible for a loan with Lending Stream, then you must:
- Be a UK resident.
- Be over 18.
- Have a valid debit card.
- Have a valid UK bank account.
- Be in regular employment with a monthly income of at least £400
During our application process, we might ask you to show proof of your income. As a responsible lender, we do this to ensure that you can comfortably afford the loan repayments.
Representative 1271%APR
How to apply for high acceptance payday loans
If you need urgent money, then a high acceptance payday loan might help. The application process is simple. Start by comparing different payday lenders and other alternatives. You can see who is offering competitive interest rates and terms. If you’re eligible for that lender, you can apply for the loan online.
At Lending Stream, we offer short term loans for 6 months. All you have to do is fill out our online form and tell us:
- The amount you want to borrow with us.
- Some basic personal information.
- Your employment, salary, expenses, and banking details.
We run an affordability and credit check on all loan applicants. As a responsible lender, we do this to ensure that you can afford the repayments of your loan agreement. If you’re approved, we’ll send the approved loan amount to your bank in 90 seconds. It may take longer to reach your account, depending on your bank’s processes.
Representative 1271%APR
Can I apply for a high acceptance payday loan if I have bad credit?
If you want to borrow money online, a bad credit history or poor credit rating may limit your options.
If you’re approved for a payday loan with bad credit, it’s likely to be more expensive than most loans. The interest rate and APR (annual percentage rate) will likely be higher.
It’s important to keep track of your credit score and keep on top of your credit file. By paying any credit repayments on time, you can build a good credit score. This will probably help improve your chances of approval for high acceptance loans and may help you to qualify for better interest rates and loan terms in the future.
Can I apply for a high acceptance payday loan online?
Yes, you can. Many lenders in the UK offer loan applications online because it’s quick and convenient. To apply online, you’ll need to give some personal and financial details.
Once you submit your application, the lender will use your information to determine whether you can afford the loan. In most cases, you can expect a quick decision.
FAQs – High acceptance payday loans
What are the alternatives to high acceptance payday loans?
There are many alternatives to high acceptance payday loans, such as overdrafts and credit cards. It might be worth speaking to your bank first and finding out if you can borrow money elsewhere. You may also consider taking help from friends or family members. It is always important to carefully consider your options and choose a loan that fits your needs.
Can I get the money on the same day?
Yes, but it depends on the payday loan provider. Most high-acceptance payday loan lenders offer same day loans. Once approved, the money will be transferred to your bank account.
What is the eligibility criteria?
The eligibility criteria from regulated lenders offering high acceptance loans differs. Many will look at your credit score and credit history. Most lenders will also look at your current financial circumstances.
How do I find the right lender?
First, compare all the lenders. Next, make sure they are responsible, regulated lenders. Look for hidden fees, interest amounts as well as repayment terms. Also, check representative examples and decide what makes the most sense for you.